Article Abstract:
Mortgages rates remained low in the first there and half months of 2004, but are slightly more volatile than in the same period last year. According to Freddie Mac, the U.S. Congress-chartered corporation that buys mortgages from lenders and repackages them into investor-purchased securities, the average rate for a 30 year fixed rate mortgage was 5.79 percent for the week ended April 8 2004.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
According to the reports of Freddie Mac, the United States Congress Chartered Corporation, the average rate for a 30-year fixed-rate mortgage was 5.75% for 2005's first nine months, packaged with an average 0.6 points. The relevant statistical data is presented.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
The impact of lower mortgage interest rates on housing market is analyzed by U.S Congress-chartered corporation, Freddie Mac. The report indicates that lower mortgage rates may trigger boom in housing mortgages sector in coming years.
User Contributions:
Comment about this article or add new information about this topic: